Macedonia Vehicles Market in 2025 is partially recovering. Full-year sales grew by 1.5%, turning positive after a year-long decline. Peugeot remained the brand posting the largest gains, even though Skoda as well reported notable growth.
Economic Environment
In 2025, the European Commission forecasts North Macedonia’s economic growth at 3.2%, slightly higher than its earlier projection, with growth expected to rise further to 3.3% in both 2026 and 2027. Growth will be driven mainly by gross investment and strong private consumption, supported by rising disposable incomes despite slower growth in wages and pensions. Private investment is expected to benefit from improved sentiment and subsidised loans, while the negative impact of the external balance on growth is projected to ease. Inflation is forecast to gradually decline, reaching 3.9% in 2025, 3.2% in 2026, and the central bank’s 2% target by 2027. The budget deficit is expected to narrow due to controlled public wages and higher revenues, though achieving the 3% of GDP target by 2027 remains unlikely without stronger fiscal consolidation.
Market Trend and Outlook
Despite struggling in 2025, with year-on-year change almost always below zero, the Macedonian vehicle market was able to recover. Overall, it reported gains of 1.5% in 2025.
Brand-wise, Skoda was the leader (+17.3%) followed by Toyota in 2nd (-0.1%) and by Renault in 3rd (+6.9). Peugeot surged 7 spots in 4th (+115.8%) while Kia ranked 5th reporting losses of 4.9% but still growing 2 spot.
Looking at best-selling models, the Skoda Superb surged on top of the list climbing 23 spots (+250%) followed by the Skoda Octavia -up 2 spots- (+16.8%) and the Skoda Kamiq -up 1 spot- (+16.8%) both in 2nd. The Toyota Corolla closed the podium surging 4 spots in 3rd (+24.4%).
